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Interesting.
This site indicates ER out on Wednesday:
https://www.nasdaq.com/earnings/report/crmd
CorMedix Inc is estimated to report earnings on 06/20/2018. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.1. The reported EPS for the same quarter last year was $-0.19.
Management Discussion section should give us some additional nuggets, including (hopefully) discussion about DSMB safety review.
http://www.cormedix.com/
Not much has been discussed about the 5 June Confidential Treatment Request granted by the SEC.
A company that will go or has gone public, however, must make detailed disclosures about its business because one of the regulatory procedures that the SEC has established. To be eligible for confidential treatment, the information sought to be protected must meet one of several FOIA exemptions from disclosure. The only one of these that is ever likely to be available is the one for trade secrets and commercial or financial information [that is] privileged or confidential.
https://corporate.findlaw.com/litigation-disputes/obtaining-confidential-treatment-for-information-furnished-to-the.html
Weren’t you just pumping this stock 3 days ago? LoL.
Well isn’t this a volatile little stock...
Hopefully some good Phase 3 update just around the corner with great volume the 3 weeks. Let’s keep it going.
I’m lurking. Nothing to say until we hear something, and I have no interest in engaging with the baboons.
I figure we are in a holding pattern until the end of July.
Let’s get a Friday power hour going into the weekend!
Let’s hold the .30’s and rally through close!!!
Got it. And I know exactly how you feel.
Your past 5o posts seem to repeat a common theme, but with different companies.
Wait. I thought your last post was to warn us about this stock.
I’m confused.
Avg. Month Daily Volume.
April - 1.2M
May - 833K
June - 3.2M
Volume is impressive.
Sounds encouraging! Any idea when we’re supposed to hear?
What is the Hammer news?
.33 is a stone wall.
Or if people gave her the RS she asked for.
Thank you for the response.
GLTY.
Does the Confidential Treatment Order indicate how long it will last?
I agree with you 100%.
There really isn’t an excuse.
Agree 100%. We’ll know sooner rather than later if Jenny gets the scratch (she will). No one walks away from technology on the cusp of FDA approval.
No one.
That’s going to burn the most. Being down 57% isn’t pleasant, but it’s going to be sweet once we hit paydirt.
And we will.
GIVE ME $50,000,000 OR GIVE ME DEATH!!!
Of course you will, Captain Ahab.
If that’s your legacy, so be it.
Agreed. Your obsession with naked shorts would have ramifications far beyond DCTH.
P.S. $50,000,000
I love when the topic turns to “naked shorting”, as it’s sure to summon the 5th Rider. Like clockwork:
The Lamb of God, or Lion of Judah, (Jesus Christ) opens the first five of the seven seals, which summons five beings that ride out on white, red, black, pale, and pink horses.
Although some interpretations differ, in most accounts, the five riders are seen as symbolizing Conquest, War, Famine, Death, and Hearsay, respectively.
Jumped in today, 22K @ $.294.
Things look promising.
Good luck to all.
By Feb 2019 it won’t matter. Enrollment news, NDA and who knows, a surprise from the FDA.
In the immortal words of Prince, 9 months is a “mighty long time”.
On the flip side, Jenny is running out of tricks. If she doesn’t stick the landing with this next registration, we’ll know sooner rather than later, IMO.
The Buyback Offering will have the big dogs making potentially onerous monthly purchase acquisitions. As a result, I would expect the big buys to come in first—enough to meet the Reserve. My guess is that if we don’t hear good news with respect to funding by the end of July, it’s time to get a little jittery. Because DCTH has 30 days to extend the Offering, if we don’t hear anything by late August...gulp.
If Jenny were to ever read this Board, I’d like to first thank her for her work in pulling out all stops to save DCTH from going under. Next, I’d like to tell her to get off her ass and fire up the base. A little goodwill in the form of positive PR’s...awaken the Twitter account...give us something.
In other words, start selling this b*tch!!! I heard passion in her voice for the first time ever during the last presentation. That’s what needs to bottled and sipped each morning.
Yeah I get that you felt aggrieved after the Commoners rebuffed your request for the RS last year, I get that we’re the red-headed step child in your Commoner family, but we just might make the difference this final go.
LoL. Well played.
With what, the Elder Wand?
Warrants 9 months away. Warrants @ $10. Shhhh
Now whether the provision has teeth...
There is a no short provision in the agreement; 1 million Warrants @$10; etc.
This offering isn’t for the small fry shareholders. I mean, I suppose it could since there are about 350,000 not tied to institutional investors, but then you are on the hook for the backside Offering and that ain’t cheap.
Weren’t you a bull 24 hours ago, lol.
I think that’s right, but I’m spent so I’ll circle back in the AM.
Not sure how many of us retail "commoners" can purchase shares in the Rights Offering and then commit to the secondary Backstop Offering.
So who is this offering really geared? Who owns the shares? Of the 1.9M (including Warrants, which I think can stand in for common shares for this offering), 1.6M are with these cats:
1. AYERTON -62,000
2. HB -23,000
3. MYSTERIO INVESTORS -440,000
4. NOV 2017 WARRANTS @ $5 -14,000
5. FEB 2018 WARRANTS @ $10 -1,000,000
6. PREFUNDED WARRANTS -49,000
TOTAL -1,588,000
That seems a pretty strong pool of buyers highly incentivized to keep DCTH alive and kicking AND to get their hands on shares priced @ $1.75.
Giddy Up.
Hahaha.
Well played RDW...
My last 10 emails have gone unanswered. Of course, some of my emails have been coarse, rightly so.
Perhaps they see my email and skip. Still, unprofessional, I'll give you that.
It gives me no pleasure to provide the link below, but the reality is there is no giant killer out there yet. It's an ugly beast.
https://www.bloombergquint.com/technology/2018/06/11/gene-editing-startups-downplay-potential-of-cancer-side-effect
They need to PR this sh*t show and explain what's going on.
Bourne,
Trying to reconcile the "People's Offering" as I will now call it to the Backstop provision in Friday's 8K.
Friday's filing obligates the Holders to purchase shares of the backstop offering--underlined below--so perhaps there is a second registration coming?
Backstop
As a condition of closing, each Holder shall be required to enter into the backstop commitment and will be obligated to fund their pro rata portion of the backstop commitment, which provides up to a $50,000,000 backstop for a rights offering possibly contemplated by the Company.
However, this Current Report on Form 8-K is not an offer to purchase or sell rights, and the Company will not make such an offer unless and until there is an effective registration statement covering such a transaction and there are no assurances as to when the Commission will declare such a registration statement effective (I assumed today's filing was related to the backstop commitment).
The purchasers will have the opportunity to purchase, at the purchase price of the rights offering and subject to the terms and conditions set forth in this agreement, shares of Common Stock that are not issued in the rights offering pursuant to the stockholders’ exercise of their basic subscription rights and over-subscription rights.
Within two (2) business days following the satisfaction of the closing conditions as set forth in the agreement, and each successive fifteen (15) Business Day period commencing with the commencement date during the term of this agreement, the purchaser shall purchase from the Company in the backstop offering up to the number of purchase shares (as defined below) equal to the lesser of (i) One Million Dollars ($1,000,000) worth of purchase shares or (ii) 20% of the dollar trading volume of the Common Stock on the Principal Market on the five (5) Business Days immediately preceding the purchase date (each such purchase, a “purchase” and such shares, “purchase shares”) at the purchase price on the purchase date. The purchase amount may be increased on a case-by-case basis as reasonably requested by the Company. With respect to each such purchase, the Company must deliver the purchase shares on the business day following the purchase date.
This back stop agreement shall continue until a maturity date to be set by the Company’s board of directors and/or upon other events including if the rights offering is not consummated by December 31, 2018 or upon a breach of the agreement.
Bourne,
Thanks-I’ve been neck deep in Friday’s monster filing. Appreciate the assist.